196 Elgin Mills Road, Richmond Hill, ON L4C 4M2
$4,250,000
activeNEW
About This Property
This property is under Power of sale. 0.95 acre of land together with an existing detached residence of approximately 3,000 sq.ft. with a double-car garage - 41 Cooperage Cres (61.51 x164.49), providing potential rental income or interim use while pursuing future development plans. Previous development concepts contemplated approximately 14 townhouse units and 2 detached dwellings (buyer to conduct their own due diligence and verify all development potential with the municipality). An exceptional opportunity for developers, investors, land bankers and builders. Generate holding income from the existing residence while advancing planning applications, site plan approvals, redevelopment proposals, or potential future land assembly opportunities. Properties of this size and location rarely become available, and even more rarely under Power of Sale. Whether your strategy is redevelopment, investment, land banking, or assembly, this property offers significant upside potential in a highly desirable Richmond Hill location. Sold on an "As Is, Where Is" basis. Buyer to conduct their own due diligence regarding zoning, planning, development potential, permitted uses, and all other matters. However, Historical planning, engineering, and development-related materials may be available for review.
Property Details
Single Family Home
Active
N13486498
0
0
1,100
Westbrook
June 29, 2026
Features & Amenities
Location
View on Google Maps
196 Elgin Mills Road, Richmond Hill, ON L4C 4M2
196 Elgin Mills Road, Richmond Hill, ON L4C 4M2
Listing Information
Listing Information
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information contained in this website is from sources believed to be reliable, but is not guaranteed. It is the responsibility of each real estate agent/salesperson to verify all information. This communication is not intended to cause or induce a breach of any existing agency relationship.
Re/Max Crossroads Realty Inc., Brokerage — 533 Danforth Rd, Scarborough ON M1K 1C9